Adult children are costing many parents their retirement savings

Home Forums Financial Preparedness Adult children are costing many parents their retirement savings

This topic contains 2 replies, has 2 voices, and was last updated by  Crow Bar 7 months ago.

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  • #16825

    Crow Bar
    Keymaster

    https://www.cbsnews.com/news/adult-children-are-costing-many-parents-their-retirements/

    Read a report a year or so ago, where a study claimed the human mind was not develop into adulthood until the mid-to-latter 20s.
    Naturally some yahoo tried to make the claim they should not be expected to be an adult until 30.

  • #16872

    James Mitchner
    Participant

    The operative word for those “children” who want to rotate back into the household is ‘NO!”  I had to do it with my oldest.  I told him, “I raised you once, I’m not raising you a second time”.  He likely hates me for it.  He apparently perfected the skill of living off of others.  My others are doing great.

  • #16955

    Crow Bar
    Keymaster

    @James,
    Yeah, from when I was about 12-13 years old, my parents made it clear, if you are not going to college, then the day after high school graduation, I was expected to move out and make my own way through life.
    Now, if there was something truly bad happened, loss of a job, physical accident, fire, that kind of thing, I could move back in temporarily.
    But, if possible, I would be expected to help around the house (chores, cook dinner, etc.) or get a PT job to pay for some things or save for my next whatever.

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